27 June 2025
Updated 30 June
Updated 30 June
0 0
Polymarket Seeks $1 Billion Valuation Amid Surge in Stablecoin Demand
Polymarket is pursuing a $1 billion valuation in a funding round led by Founders Fund. Key points from Coinbase analysts' report include:
- All trades on Polymarket settle in Circle's USDC on Polygon, increasing demand for the stablecoin.
- The platform has processed over $14 billion in trading volume, with May reaching $1 billion and daily active traders between 20,000 and 30,000.
- After U.S. President Donald Trump's re-election in November 2024, monthly volume surged to $2.5 billion, leading to increased USDC transfers.
- Stablecoins are enhancing real-time market infrastructure, with potential growth from a new content partnership with X that may promote prediction markets as social content.